Cramer likes Debra Cafaro, CEO of Ventas (VTR), the largest senior living facility company in the U.S. The diversified health care REIT is a "perfect combination between growth and yield," he said.
He called Cafaro "hard charging" and someone who returns a lot of cash to shareholders. Currently, the company has a 4.60% dividend yield.
However, it's not just a senior living facility, it's the senior living facility. Cramer said that Ventas is considered by many to be the best senior living facility in the country.
Must Read: Pimco Closes 'Laddered' Bond ETF
Most senior living companies have subpar standards, which ultimately lead to subpar results, he said.
"She's a winner for the people who use the facilities and a winner for the people who buy her stock," Cramer concluded.
-- Written by Bret Kenwell in Petoskey, Mich.